1001 Riverine Avenue

    Santa Ana, CA 92701
    • $6,425,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: OC20070507
    $6,425,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,854
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T00:25:50.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

    www.thepowerhouserealestate.com/homes/104889380

    1001 Riverine Avenue Santa Ana, CA 92701

    • Price: $6,425,000
    • Status: Active
    • ID#: OC20070507
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    20,854
    SQFT
    $308
    $/SQFT
    1982
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments consists of spacious studio units and offers amenities including on-site laundry, controlled access, security doors, private balconies, and gated covered parking. 16 units have recently undergone renovations including new flooring, cabinets, paint, quartz countertops, fixtures, and appliance packages.
    Exterior Features

    Garage Spaces 30.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Acres Parking Features Subterranean Parking Total 30.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 10808.00 Elevation Units Feet Fuel Expense 10807.00 Gross Income 501271.00 Gross Operating Income 486521.00 Gross Scheduled Income 491652.00 Insurance Expense 2880.00 Land Lease YN No Laundry YN Yes Maintenance Expense 15000.00 Net Operating Income 298844.00 New Construction YN No New Taxes Expense 79647.00 Number Of Separate Electric Meters 30 Number Of Separate Gas Meters 30 Number Of Separate Water Meters 1 Operating Expense 187677.00 Other Expense 27460.00 Other Expense Description Misc Other Income1 9619.00 Professional Management Expense 19461.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 187677.00 Trash Expense 10807.00 Vacancy Allowance 14750 Water Sewer Expense 10807.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T00:25:50.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Powerhouse Real Estate. Licensed in the State of California, USA.

     
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